Marti Widya Sari, Herianto, I. B. Dharma, A. Tontowi
Abstract Today, the manufacturing industry must adapt to dynamic customer needs, changing from time to time following market trends. So that the production process in manufacturing requires adjustments, one of which is by forming social manufacturing. This study aims to create an integrated production system model based on social manufacturing, which involves several Socialized Manufacturing Resources (SMR) as manufacturing resources that are socialized to produce a product. The methods used are field observation, literature study, design of a social manufacturing-based production system model, model simulation using ProModel software, and analysis of model simulation results. In this study, the simulation involves four SMRs, each of which makes a part that has been given specifications by the manufacturer based on customer requests. The product produced is the Sanitation Chamber, which is equipped with a control system to monitor reading data via the internet. The model simulation uses the Pro Model software and analyzes resource use, location utilization, and resource costs.
{"title":"Integrated Production System on Social Manufacturing: A Simulation Study","authors":"Marti Widya Sari, Herianto, I. B. Dharma, A. Tontowi","doi":"10.2478/mspe-2022-0029","DOIUrl":"https://doi.org/10.2478/mspe-2022-0029","url":null,"abstract":"Abstract Today, the manufacturing industry must adapt to dynamic customer needs, changing from time to time following market trends. So that the production process in manufacturing requires adjustments, one of which is by forming social manufacturing. This study aims to create an integrated production system model based on social manufacturing, which involves several Socialized Manufacturing Resources (SMR) as manufacturing resources that are socialized to produce a product. The methods used are field observation, literature study, design of a social manufacturing-based production system model, model simulation using ProModel software, and analysis of model simulation results. In this study, the simulation involves four SMRs, each of which makes a part that has been given specifications by the manufacturer based on customer requests. The product produced is the Sanitation Chamber, which is equipped with a control system to monitor reading data via the internet. The model simulation uses the Pro Model software and analyzes resource use, location utilization, and resource costs.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"230 - 237"},"PeriodicalIF":1.5,"publicationDate":"2022-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43254817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The article describes a student capstone design project completed by a team of five students and implemented by a resort and casino in Northeastern Pennsylvania (NEPA). This project was completed within the framework of project-based learning (PBL). Students had the opportunity to apply the knowledge that they learned in the classroom in a real-world application. Students also had the opportunity to work as a team which was supervised by the faculty. The outcome of the project provided valuable experience in creating of grid, a reliable source of energy. The heat generated as a by-product was used for the purpose of heating hot water and a swimming pool as well as space heating for the hotel and casino during the winter. In the summertime the excessive amount of heat was used to dehumidify the air in the hotel and casino. Dehumidifying the air increased the level of comfort in the hotel and casino as well as in the enclosed swimming pools area. The article is focusing on the cost effectiveness of the off-grid heat-and-power solution. The net present value and internal rate of return as well as the payback time were calculated.
{"title":"Heat and Power System as an Independent Source of Electric Power. Case Study","authors":"Wes Grebski, R. Ulewicz","doi":"10.2478/mspe-2022-0033","DOIUrl":"https://doi.org/10.2478/mspe-2022-0033","url":null,"abstract":"Abstract The article describes a student capstone design project completed by a team of five students and implemented by a resort and casino in Northeastern Pennsylvania (NEPA). This project was completed within the framework of project-based learning (PBL). Students had the opportunity to apply the knowledge that they learned in the classroom in a real-world application. Students also had the opportunity to work as a team which was supervised by the faculty. The outcome of the project provided valuable experience in creating of grid, a reliable source of energy. The heat generated as a by-product was used for the purpose of heating hot water and a swimming pool as well as space heating for the hotel and casino during the winter. In the summertime the excessive amount of heat was used to dehumidify the air in the hotel and casino. Dehumidifying the air increased the level of comfort in the hotel and casino as well as in the enclosed swimming pools area. The article is focusing on the cost effectiveness of the off-grid heat-and-power solution. The net present value and internal rate of return as well as the payback time were calculated.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"262 - 268"},"PeriodicalIF":1.5,"publicationDate":"2022-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45146981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The purpose of this article is to introduce some of the problems arising from the rapid development and raising the status of machines and the increasing disregard for human rights in the context of the use of cognitive technologies. Cognitive technologies are highly acclaimed and are being introduced into almost all aspects of life, especially in business. The article asks the question of whether the use of these technologies leads to a gradual humanization of machines while dehumanizing humans. The article is purely theoretical and based on a literature study of selected bibliographic items. On the basis of the analyzed texts an attempt was made to introduce the concept of artificial intelligence, cognitive technologies and algorithms. It also attempts to diagnose the state of work on the regulation of the legal situation related to the development of artificial intelligence and cognitive technologies, as well as the status of robots. The philosophical concept of dehumanization and its selected examples are also outlined. The discussion leads to the conclusion that the pace of development of cognitive technologies, overtaking the human ability to comprehend them, poses a threat of machines getting out of human control.
{"title":"Cognitive Technologies – Are We in Danger of Humanizing Machines and Dehumanizing Humans?","authors":"Izabela Marszałek-Kotzur","doi":"10.2478/mspe-2022-0034","DOIUrl":"https://doi.org/10.2478/mspe-2022-0034","url":null,"abstract":"Abstract The purpose of this article is to introduce some of the problems arising from the rapid development and raising the status of machines and the increasing disregard for human rights in the context of the use of cognitive technologies. Cognitive technologies are highly acclaimed and are being introduced into almost all aspects of life, especially in business. The article asks the question of whether the use of these technologies leads to a gradual humanization of machines while dehumanizing humans. The article is purely theoretical and based on a literature study of selected bibliographic items. On the basis of the analyzed texts an attempt was made to introduce the concept of artificial intelligence, cognitive technologies and algorithms. It also attempts to diagnose the state of work on the regulation of the legal situation related to the development of artificial intelligence and cognitive technologies, as well as the status of robots. The philosophical concept of dehumanization and its selected examples are also outlined. The discussion leads to the conclusion that the pace of development of cognitive technologies, overtaking the human ability to comprehend them, poses a threat of machines getting out of human control.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"269 - 275"},"PeriodicalIF":1.5,"publicationDate":"2022-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43067501","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The imbalance in bike-sharing systems between supply and demand is significant. Therefore, these systems need to relocate bikes to meet customer needs. The objective of this research is to increase the efficiency of bike-sharing systems regarding rebalancing problems. The prediction of the demand for bike sharing can enhance the efficiency of a bike-sharing system for the operation process of rebalancing in terms of the information used in planning by proposing an evaluation of algorithms for forecasting the demand for bikes in a bike-sharing network. The historical, weather and holiday data from three distinct databases are used in the dataset and three fundamental prediction models are adopted and compared. In addition, statistical approaches are included for selecting variables that improve the accuracy of the model. This work proposes the accuracy of different models of artificial intelligence techniques to predict the demand for bike sharing. The results of this research will assist the operators of bike-sharing companies in determining data concerning the demand for bike sharing to plan for the future. Thus, these data can contribute to creating appropriate plans for managing the rebalancing process.
{"title":"Accuracy of Hourly Demand Forecasting of Micro Mobility for Effective Rebalancing Strategies","authors":"Kanokporn Boonjubut, H. Hasegawa","doi":"10.2478/mspe-2022-0031","DOIUrl":"https://doi.org/10.2478/mspe-2022-0031","url":null,"abstract":"Abstract The imbalance in bike-sharing systems between supply and demand is significant. Therefore, these systems need to relocate bikes to meet customer needs. The objective of this research is to increase the efficiency of bike-sharing systems regarding rebalancing problems. The prediction of the demand for bike sharing can enhance the efficiency of a bike-sharing system for the operation process of rebalancing in terms of the information used in planning by proposing an evaluation of algorithms for forecasting the demand for bikes in a bike-sharing network. The historical, weather and holiday data from three distinct databases are used in the dataset and three fundamental prediction models are adopted and compared. In addition, statistical approaches are included for selecting variables that improve the accuracy of the model. This work proposes the accuracy of different models of artificial intelligence techniques to predict the demand for bike sharing. The results of this research will assist the operators of bike-sharing companies in determining data concerning the demand for bike sharing to plan for the future. Thus, these data can contribute to creating appropriate plans for managing the rebalancing process.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"246 - 252"},"PeriodicalIF":1.5,"publicationDate":"2022-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42905105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract As advanced technologies are becoming a natural part of the industrial environment, the influence of these technologies on organizational practices is becoming more expanding. In this paper, an attempt was made to understand the conjunction of Lean Six Sigma and Industry 4.0. The study was conducted in the Czech Republic and qualitative data was gathered from 10 companies. The information on the benefits, weaknesses and challenges of the conjunction was summarized. For the research purposes literature review and qualitative analysis were performed. It was found out that, although the conjunction is connected with challenges, the perspectives are beneficial for industrial companies. The data generated also allowed to introduce the readiness assessment model for the implementation of the conjunction based on 4 categories: technological, managerial, financial and human. This information could be used for theoretical and practical purposes for the creation of a successful Lean Six Sigma pattern in Industry 4.0.
{"title":"The Implementation of the Conjunction of Lean Six Sigma and Industry 4.0: A Case Study in the Czech Republic","authors":"A. Efimova, Petr Briš","doi":"10.2478/mspe-2022-0028","DOIUrl":"https://doi.org/10.2478/mspe-2022-0028","url":null,"abstract":"Abstract As advanced technologies are becoming a natural part of the industrial environment, the influence of these technologies on organizational practices is becoming more expanding. In this paper, an attempt was made to understand the conjunction of Lean Six Sigma and Industry 4.0. The study was conducted in the Czech Republic and qualitative data was gathered from 10 companies. The information on the benefits, weaknesses and challenges of the conjunction was summarized. For the research purposes literature review and qualitative analysis were performed. It was found out that, although the conjunction is connected with challenges, the perspectives are beneficial for industrial companies. The data generated also allowed to introduce the readiness assessment model for the implementation of the conjunction based on 4 categories: technological, managerial, financial and human. This information could be used for theoretical and practical purposes for the creation of a successful Lean Six Sigma pattern in Industry 4.0.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"223 - 229"},"PeriodicalIF":1.5,"publicationDate":"2022-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49526590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The sustainability of engineering education depends on a strategic vision in university education. The strategic vision of education at technical universities is orientated to knowledge, digitization, online education, innovative methods in education, all forms of Management and business education platform. The main goal of this article is the creation of the model of engineering education at the technical university based on synergy effect of the economic subjects of study, digitalization, all forms of management, and innovative didactic methods with direction to future education. In this research we realized project “Student firms” by using digitalization, e-learning approach in education and connecting all form of management as in business environment. Results of the implemented “Student Firms” project at the university recorded benefits in improving students’ key competencies, soft skills, social competencies, financial, economic competencies, and their impact on the level of evaluation of subjects of study. The output of the research was the design of a model of engineering education at the university. This model can be a tool for making changes in education at university for his sustainability in the future.
{"title":"The New Model of the Engineering Education Using Digitalization and Innovative Methods","authors":"K. Teplická, J. Kádárová, S. Hurná","doi":"10.2478/mspe-2022-0026","DOIUrl":"https://doi.org/10.2478/mspe-2022-0026","url":null,"abstract":"Abstract The sustainability of engineering education depends on a strategic vision in university education. The strategic vision of education at technical universities is orientated to knowledge, digitization, online education, innovative methods in education, all forms of Management and business education platform. The main goal of this article is the creation of the model of engineering education at the technical university based on synergy effect of the economic subjects of study, digitalization, all forms of management, and innovative didactic methods with direction to future education. In this research we realized project “Student firms” by using digitalization, e-learning approach in education and connecting all form of management as in business environment. Results of the implemented “Student Firms” project at the university recorded benefits in improving students’ key competencies, soft skills, social competencies, financial, economic competencies, and their impact on the level of evaluation of subjects of study. The output of the research was the design of a model of engineering education at the university. This model can be a tool for making changes in education at university for his sustainability in the future.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"207 - 213"},"PeriodicalIF":1.5,"publicationDate":"2022-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43954339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Justyna Żywiołek, António Trigo, J. Rosak-Szyrocka, Muhammad Asghar Khan
Abstract COVID-19, mobility, socio-social changes have transferred to the world of social media communication, purchasing activities, the use of services. Corporate social media has been created to support clients in using various services, give them the possibility of easy communication without time and local barriers. Unfortunately, they still very rarely take into account the security and privacy of customers. Considering that the purpose of this article is to investigate the impact of social media on the company’s image, it should be remembered that this image also works for the security and privacy of customer data. Data leaks or their sale are not welcomed by customers. The results of empirical research show that the safety, simplicity and variety of services offered on social media have a significant impact on the perceived quality, which in turn positively affects the reputation. The authors proposed a methodology based on the Kano model and customer satisfaction in order to examine the declared needs and undefined desires and divide them into different groups with different impacts on consumer satisfaction. The interview participants were employees of 10 randomly selected companies using social media to conduct sales or service activities. 5,000 people from Poland, Portugal and Germany participated in the study. 4,894 correctly completed questionnaires were received.
{"title":"Security and Privacy of Customer Data as an Element Creating the Image of the Company","authors":"Justyna Żywiołek, António Trigo, J. Rosak-Szyrocka, Muhammad Asghar Khan","doi":"10.2478/mspe-2022-0019","DOIUrl":"https://doi.org/10.2478/mspe-2022-0019","url":null,"abstract":"Abstract COVID-19, mobility, socio-social changes have transferred to the world of social media communication, purchasing activities, the use of services. Corporate social media has been created to support clients in using various services, give them the possibility of easy communication without time and local barriers. Unfortunately, they still very rarely take into account the security and privacy of customers. Considering that the purpose of this article is to investigate the impact of social media on the company’s image, it should be remembered that this image also works for the security and privacy of customer data. Data leaks or their sale are not welcomed by customers. The results of empirical research show that the safety, simplicity and variety of services offered on social media have a significant impact on the perceived quality, which in turn positively affects the reputation. The authors proposed a methodology based on the Kano model and customer satisfaction in order to examine the declared needs and undefined desires and divide them into different groups with different impacts on consumer satisfaction. The interview participants were employees of 10 randomly selected companies using social media to conduct sales or service activities. 5,000 people from Poland, Portugal and Germany participated in the study. 4,894 correctly completed questionnaires were received.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"156 - 162"},"PeriodicalIF":1.5,"publicationDate":"2022-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43013097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The automotive industry is one of the fastest growing sectors and therefore places demand on many other sectors and increases the need for cooperation. With the development of the automotive industry, tires have become an integral part of society and the everyday life of the individual. As a result of the company’s development as a connection of transport, the demand for tires is increasing and the production of waste tires is also related to this. The use of end-of-life tires is almost endless and that is why tires are good to use in the circular economy. The circular economy is an economic system that aims to keep products and materials in use for longer, thus increasing their productivity and reducing waste. The paper presents a methodical concept of the plan for the extension of production capacities of rubber-based pressed products with the intention to produce noise reduction panels. The investment consists of the acquisition of the pressing machine and respective mould in the amount of € 180,000. Based on the selected assessment methods it can be stated that the NPV reaches + 69,360 €, Profitability index is 1.38, Internal Rate of Return is 23.8% and the payback period is estimated for 4 years and 4 months, at the considered production capacity of 14,000 m2/year.
{"title":"Business Plan Concept for the Production of Rubber-Based Noise Reduction Walls in Slovakia for the Potential of Worn Tires Material Recovery","authors":"M. Potkány, L. Krajčírová, Mária Osvaldová","doi":"10.2478/mspe-2022-0017","DOIUrl":"https://doi.org/10.2478/mspe-2022-0017","url":null,"abstract":"Abstract The automotive industry is one of the fastest growing sectors and therefore places demand on many other sectors and increases the need for cooperation. With the development of the automotive industry, tires have become an integral part of society and the everyday life of the individual. As a result of the company’s development as a connection of transport, the demand for tires is increasing and the production of waste tires is also related to this. The use of end-of-life tires is almost endless and that is why tires are good to use in the circular economy. The circular economy is an economic system that aims to keep products and materials in use for longer, thus increasing their productivity and reducing waste. The paper presents a methodical concept of the plan for the extension of production capacities of rubber-based pressed products with the intention to produce noise reduction panels. The investment consists of the acquisition of the pressing machine and respective mould in the amount of € 180,000. Based on the selected assessment methods it can be stated that the NPV reaches + 69,360 €, Profitability index is 1.38, Internal Rate of Return is 23.8% and the payback period is estimated for 4 years and 4 months, at the considered production capacity of 14,000 m2/year.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"140 - 145"},"PeriodicalIF":1.5,"publicationDate":"2022-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44389340","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Surveys performed among the residents of Zabrze indicate that in 2021 the majority of respondents (67%), wishing to use public services provided by the local government, still preferred to visit the office in person. Residents noticed negative aspects of direct service, such as queues of people waiting for the case to be completed (26%), excessive bureaucracy (24%) or lack of parking spaces (18%). However, they counted on help in completing the necessary formalities by officials who should be: professional (20%), communicative (18%) and kind (17%). The use of the digital platform (ePUAP) dedicated to customer service was reported by 32% of respondents. At the same time, as much as 40% of the respondents, in order to save time and to simplify procedures, declared their will to use innovative methods of remote contact with public administration (e.g. via social media). The COVID-19 pandemic showed that it was possible to increase (even by 250%) the number of cases handled remotely, which with over 90% of households in Poland with access to a computer network creates opportunities for integrated development as part of the Smart City idea. The aim of the paper was to identify the residents’ expectations related to the provision of public services by local administration. Precise determination of the ways of perception of both direct and remote customer service has not only an application value. It also allows for further research study on the management of local government, including the organization of management control, as well as social communication of local governments.
{"title":"Optimizing the Provision of Public Services By Local Administration as a Component of the Smart City Concept on the Example of Zabrze","authors":"Małgorzata Mańka-Szulik, Dariusz Krawczyk","doi":"10.2478/mspe-2022-0024","DOIUrl":"https://doi.org/10.2478/mspe-2022-0024","url":null,"abstract":"Abstract Surveys performed among the residents of Zabrze indicate that in 2021 the majority of respondents (67%), wishing to use public services provided by the local government, still preferred to visit the office in person. Residents noticed negative aspects of direct service, such as queues of people waiting for the case to be completed (26%), excessive bureaucracy (24%) or lack of parking spaces (18%). However, they counted on help in completing the necessary formalities by officials who should be: professional (20%), communicative (18%) and kind (17%). The use of the digital platform (ePUAP) dedicated to customer service was reported by 32% of respondents. At the same time, as much as 40% of the respondents, in order to save time and to simplify procedures, declared their will to use innovative methods of remote contact with public administration (e.g. via social media). The COVID-19 pandemic showed that it was possible to increase (even by 250%) the number of cases handled remotely, which with over 90% of households in Poland with access to a computer network creates opportunities for integrated development as part of the Smart City idea. The aim of the paper was to identify the residents’ expectations related to the provision of public services by local administration. Precise determination of the ways of perception of both direct and remote customer service has not only an application value. It also allows for further research study on the management of local government, including the organization of management control, as well as social communication of local governments.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"192 - 199"},"PeriodicalIF":1.5,"publicationDate":"2022-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43206571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Poland is a participant to the European Union Emissions Trading System, which aims at reducing greenhouse gas emissions. Trading CO2 emission rights has become a strategic area from the point of view of managing entities that emit CO2. The aim of the paper is to investigate and identify discrepancies in the presentation and valuation of CO2 emission allowances, CO2 emission provision liabilities in reporting, and to assess the impact of these discrepancies on compliance with the true and fair view principle on top of the informative value of the financial statements. An in-depth qualitative analysis was used to examine disclosures of CO2 emission rights in the 2020 consolidated financial statements coming from the largest energy sector groups listed in the WIG Energy Index of the Warsaw Stock Exchange in light of the relevant legal acts and literature. As a result of the research conducted, it was confirmed that groups of companies carry out a range of CO2 emission rights balance classification and valuation. There were also significant discrepancies in the disclosure of information about the creation and valuation of provisions for liabilities due to CO2 emissions. The discrepancies observed in the audited entities’ balance-sheet presentations and valuation of the acquired CO2 emission allowances and reserves resulting from IAS/IFRS in practice distorts the comparability of data presented in the financial statements. The research also revealed differences in scope of disclosed information, as well as its fragmentary nature. As a result, the comparison of data between groups in the energy sector in terms of their assets is impossible. Our study fills a research gap on the effects of using IFRS for the presentation and valuation of CO2 emission rights in the Polish energy sector and the impact of a differentiated approach to disclosures on the true and fair view conception in financial reporting.
{"title":"Assesment of the Quality of Reporting Information on CO2 Emission Rights on the Example of Energy Sector Groups Listed on the Warsaw Stock Exchange","authors":"Marzena Strojek-Filus, Aleksandra Sulik-Górecka","doi":"10.2478/mspe-2022-0015","DOIUrl":"https://doi.org/10.2478/mspe-2022-0015","url":null,"abstract":"Abstract Poland is a participant to the European Union Emissions Trading System, which aims at reducing greenhouse gas emissions. Trading CO2 emission rights has become a strategic area from the point of view of managing entities that emit CO2. The aim of the paper is to investigate and identify discrepancies in the presentation and valuation of CO2 emission allowances, CO2 emission provision liabilities in reporting, and to assess the impact of these discrepancies on compliance with the true and fair view principle on top of the informative value of the financial statements. An in-depth qualitative analysis was used to examine disclosures of CO2 emission rights in the 2020 consolidated financial statements coming from the largest energy sector groups listed in the WIG Energy Index of the Warsaw Stock Exchange in light of the relevant legal acts and literature. As a result of the research conducted, it was confirmed that groups of companies carry out a range of CO2 emission rights balance classification and valuation. There were also significant discrepancies in the disclosure of information about the creation and valuation of provisions for liabilities due to CO2 emissions. The discrepancies observed in the audited entities’ balance-sheet presentations and valuation of the acquired CO2 emission allowances and reserves resulting from IAS/IFRS in practice distorts the comparability of data presented in the financial statements. The research also revealed differences in scope of disclosed information, as well as its fragmentary nature. As a result, the comparison of data between groups in the energy sector in terms of their assets is impossible. Our study fills a research gap on the effects of using IFRS for the presentation and valuation of CO2 emission rights in the Polish energy sector and the impact of a differentiated approach to disclosures on the true and fair view conception in financial reporting.","PeriodicalId":44097,"journal":{"name":"Management Systems in Production Engineering","volume":"30 1","pages":"116 - 129"},"PeriodicalIF":1.5,"publicationDate":"2022-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46996306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}